According to Bloomberg ETF analyst Henry Jim, the firm has filed with the U.S. SEC. The filing is for the creation of a digital share class, known as DLT Shares, for its money market fund.
This move signals BlackRock’s serious interest in leveraging blockchain technology to mirror ownership records. It could potentially lay the groundwork for future digital currency or digital cash applications.
Bridging Traditional Finance and Blockchain Technology
Money market funds offer low-risk, short-term investments that provide liquidity for businesses and governments. BlackRock’s money market fund, with its impressive $150 billion in assets, is a cornerstone of this market. Now, by introducing blockchain technology into this traditionally stable sector, the firm aims to enhance transparency. It also seeks to improve the efficiency of ownership record-keeping.
The digital share class will enable BlackRock to use blockchain to manage ownership records more effectively. Instead of relying on conventional paper-based systems, DLT Shares will track who owns what in real time. Securely and transparently. This could make it easier to transfer ownership and improve liquidity for investors, especially as digital asset markets continue to evolve.
🚨 LATEST: BlackRock files for Digital share class (DLT Shares) of its $150 billion money market fund.
The shares will use blockchain technology to mirror ownership. pic.twitter.com/ECzSkoGwW4
— Cointelegraph (@Cointelegraph) April 30, 2025
This development is also noteworthy because it sets the stage for potential future applications in the digital currency space. By adopting blockchain for traditional financial instruments, BlackRock is bridging the gap between traditional finance and digital innovation. It is also preparing for the rise of emerging digital currencies.
More About BlackRock
It was a strong start to the week for crypto ETFs, with BlackRock’s $IBIT seeing significant momentum. On Monday, the fund recorded its second-highest inflow since trading began, pulling in an impressive $970.9 million.
A great beginning of the week for the crypto ETFs as yesterday BlackRock’s $IBIT had the second highest inflow since the start of trading, $970.9M pic.twitter.com/sPHl4KtYla
— Trading Digits (@trading_digits) April 29, 2025
This surge highlights growing investor confidence in crypto-focused exchange-traded funds and signals a shift toward more institutional interest in digital assets. As crypto ETFs continue to gain traction, funds like $IBIT are becoming key players in bridging traditional finance with the rapidly evolving crypto market.
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